Eutelsat share rebounds but remains below its 3 moving averages
Eutelsat Communications is regaining momentum at the start of the week, carrying its rebound above its last closing price in an SBF 120 oriented upwards. The movement comes after several weeks of strong selling pressure that have left the security well below its spring levels. The technical configuration remains fragile, with moving averages weighing on the share's trajectory.
A limited rebound in a quarterly and annual context still highly degraded
Eutelsat Communications gains 1.88% to €1.786 during Monday's session, while the SBF 120 advances 0.8%. The share ranks among the strongest gainers of the SBF 120, without however erasing the pressure accumulated over recent weeks: the quarterly decline reaches 26.29% and the one-year performance shows -27.68%. On a monthly basis, the decline remains close to 7%.
Today's rebound is therefore situated within a still highly negative underlying trend, especially since the annual accounts closed on June 30, 2026 had highlighted the ongoing transition between historical geostationary activity and the ramp-up of the LEO segment, which then represented 25% of revenue. Net debt had decreased by €1.16 billion, but the group remains committed to a heavy investment cycle, notably through the IRIS² program, where Eutelsat is confirmed as the leader in the low-earth orbit segment with 330 satellites.
Technical structure remains constrained, moving averages above the price
The share is trading below its three reference moving averages: the 20-day MA at €1.84 represents a gap of -2.93%, the 50-day MA at €2.01 is at -11.14% and the 200-day MA at €2.32 shows a gap of -23.02%. This configuration, where the share evolves below all of its moving averages, reflects an underlying downtrend that has not yet been invalidated. The RSI at 36 is approaching the oversold threshold at 30, reflecting the selling exhaustion of recent weeks without signaling a reversal.
The share is between its support level at €1.74 and its resistance at €2.22, at contact with the support tested in early September, a level that had served as a floor during the downside break on September 1st. The €2.22 resistance remains the major obstacle to watch for any more sustained recovery movement.
